Most of you are aware that in late spring of 2022, Veritas Christian School reached out to us inquiring about leasing a portion of our facility to relocate their school. The reason they reached out to us is that they were in a situation in which the school was outgrowing its capacity and they were meeting in what were originally designed to be portable (or temporary) buildings, and those buildings were at the end of their useful life. In addition, they were also in the middle of a capital campaign seeking funding to construct a brand new campus on property that they currently own about 3 miles south of town. That plan encountered some major obstacles which left them trying to come up with a solution for what they are going to do for a more permanent future home.
What you may not know is, in those early discussions, they expressed an interest in potentially purchasing our property as a permanent location for the school. At that time, we communicated that we were flattered, but that we wanted to postpone any discussion about purchasing our property and get a lease agreement in place that was not contingent upon us selling them the property. Long story short, we reached a 3-year lease agreement in early summer, and they’ve been a tenant since July of 2022.
Then, shortly after the start of school (in September), they approached us to restart the conversation about their interest in a potential purchase. After hearing them out, and subsequent discussions at our October and November Ministry Board meetings, the Ministry Board decided that it would be in our best interest to at least come to the table and have more formal conversations and consider the possibilities.